William J. Fellner

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William John Fellner (born May 31, 1905 in Budapest , Austria-Hungary ; died September 15, 1983 in Washington, DC ) was a Hungarian -American economist best known for his research in the field of monetary policy . In 1970 he served as president of the American Economic Association (AEA).

Life

Fellner studied chemistry at the ETH and after graduating in 1927 began studying economics at the Friedrich-Wilhelms-Universität zu Berlin , where he received his doctorate in 1929 with a dissertation on the subject of the American alcohol ban from the standpoint of economics . He then worked in the family business in Budapest.

Since Jews were discriminated against in Hungary, he emigrated with his wife to the USA in 1938, where he worked as an economist at the University of California, Berkeley . In addition to his teaching activities, he published numerous specialist books on economic topics and articles in journals such as The American Economic Review .

Fellner, who was a member of the Executive Committee of the AEA from 1956 to 1958, also worked as a so-called Resident Scholar at the American Enterprise Institute (AEI), a conservative think tank in Washington, DC.He later took on a professorship at Yale University and was there at the same time between 1958 and 1959 first director of the graduate study program and from 1961 to 1964 chairman of the program for undergraduate and postgraduate studies of the Faculty of Economics . In this function he was also a member of the Executive Committee of the Cowles Foundation for Research in Economics at Yale University from 1961 to 1964 .

Fellner became President of the American Economic Association in 1969 as successor to Kenneth Ewart Boulding and held this position for a year until he was replaced by Wassily Leontief in 1970. Between 1973 and 1975 he was also a member of the Council of Economic Advisers , an advisory body to the US Presidents on economic policy issues. During this time Fellner, a recognized expert in the field of monetary policy, dealt in particular with questions about inflation and described the introduction of so-called capital preservation clauses as "surrender to inflation".

Honors

Publications

  • The American alcohol ban from the standpoint of economics , dissertation University of Berlin, 1929
  • A treatise on war inflation: present policies and future tendencies in the United States , Los Angeles 1942
  • Monetary policies and full employment , Los Angeles 1946
  • Competition among the few: oligopoly and similar market structures , New York City 1949
  • The problem of rising prices: report on behalf of the OEEC , Cologne 1961
  • American experiences with wage inflation in the 1950s , Tübingen 1962
  • Probability and profit. A study of economic behavior along Bayesian lines , 1965
  • Contemporary Economic Problems , 1978, ISBN 9780844713304
  • Economic theory amidst political currents: the spreading interest in monetarism and in the theory of market expectations , lecture on the occasion of the celebration of the award of the Bernhard Harms Prize for 1982 on June 26, 1982 at the Institute for World Economy

literature

  • James N. Marshall: William J. Fellner: A Bio-Bibliography , 1992, ISBN 978-0313258565
  • Klaus Herdzina: Fellner, William John. In: Harald Hagemann , Claus-Dieter Krohn (Hrsg.): Biographical manual of the German-speaking economic emigration after 1933. Volume 1: Adler – Lehmann. Saur, Munich 1999, ISBN 3-598-11284-X , pp. 150-153.
  • Hans Möller : William Fellner May 31, 1905– September 15, 1983. In: Bavarian Academy of Sciences , Yearbook 1984, Munich 1984, p. 231.

Web links

Individual evidence

  1. ↑ a b Past and Present Officers. aeaweb.org ( American Economic Association ), accessed October 28, 2015 .
  2. ↑ Publications (Virtual Library for Economics)
  3. ↑ Chairmen and Directors of Undergraduate and Graduate Studies ( Memento of October 30, 2012 in the Internet Archive ) ( Yale University homepage )
  4. ^ Cowles Foundation for Research in Economics
  5. ↑ INFLATION: Protection for the weak . In: Der Spiegel from June 24, 1974
  6. ↑ Bernhard Harms Prize. (No longer available online.) Ifw-kiel.de , archived from the original on June 14, 2013 ; Retrieved June 15, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.ifw-kiel.de
personal data
SURNAME Fellner, William J.
ALTERNATIVE NAMES Fellner, William John (full name)
BRIEF DESCRIPTION American economist
DATE OF BIRTH May 31, 1905
PLACE OF BIRTH Budapest
DATE OF DEATH September 15, 1983
Place of death Washington, DC